On Thursday, Sen. Judd Gregg (from New Hampshire!) dressed down Treasury Secretary Geither over the administration's patently dishonest budget projections. (Having worked with the Bush administration for the past 8 years, I'm sure Gregg knows a thing or two about budgets that lie through their teeth.)
The article linked above comes from MSNBC. During the campaign, I called MSNBC the "Obama For President" network, because it was so completely and unabashedly biased. (The network admitted as much when it changed its crew announcing the Democratic National Convention mid-convention, after its bias was too much for even the New York Times to stomach.) The fact that MSNBC is reporting this kind of news (with very little bias -- such as the snarky comments at the end) says all that needs to be said about the depths to which the Obama administration's credibility and influence has already sunk.
In his opening statement, Gregg politely called the administration's budget forecast a lie."The argument that it cuts the debt in half in four years is, ahh, is truly spurious," he told Geithner. ...
Gregg's opening monologue today would indicate that was a gross understatement.
"The argument that this budget doesn't have tax increases [on everyone] is, I think, an 'Alice in Wonderland' view of the budget," he said.
He challenged the budget's math on cutting the debt: "When you take the deficit and quadruple it and then you cut it and half, that's like taking four steps back and two steps forward. That's not making any progress; you're still going backwards."
This is like Carter 2.0. People have begun to realize -- to their horror -- that the members of the Obama administration a) don't know what they're doing, or b) do know what they're doing, but have little courage or ability to make decisions, or c) have ivory tower dreams for an imaginary American society that they intend to impose on actual Americans, or d) all of the above. It took people over 2 years to figure that out with Carter. People have figured it out with Obama before the start of spring.